Section 5: Exercise of control

Articles L. 612-24, L. 612-26 and L. 612-44 apply to all entities located in a Member State or another State party to the Agreement on the European Economic Area, whether regulated or not, that are part of a financial conglomerate coordinated by the Autorité de contrôle prudentiel et de résolution.

Notwithstanding Act 68-678 of 26 July 1968 on the disclosure of economic, commercial, industrial, financial or technical documents and information to foreign natural or legal persons, any entity established in France which is part of a financial conglomerate is required to provide the European Supervisory Authorities with information relevant to the performance of their duties. If the coordinator is an authority of a Member State or of another State party…

I. – When the competent authorities of a Member State or of another State party to the Agreement on the European Economic Area wish, in specific cases, to verify the information relating to an entity established in France, whether regulated or not, which is part of a financial conglomerate and referred to in Article L. 612-26, they shall ask the Autorité de contrôle prudentiel et de résolution or, where applicable,…

For the purposes of the supplementary supervision provided for in this chapter, the Autorité de contrôle prudentiel et de résolution may enter into the agreements provided for in Article L. 632-13 with the competent authorities of a State which is not a party to the Agreement on the European Economic Area with a view to supervising any entity belonging to a financial conglomerate.